In the present scenario, NFT is one of the popular blockchain-based Tokens in the crypto realm. NFT has bridged the gap between the on-chain and off-chain with this token basis.
Before moving into the marketplace, let us have a look at NFT.
NFT is a Non-Fungible Token that has a unique value that is not fungible.
NFTs are developing over Blockchain platforms, and Each NFT has meta content like ownership data.
NFT is aims to help the artist by owning a digital form of their masterpiece so that they can showcase over online platforms without depending on sponsors, museums, etc.
NFTs are developing for representing various fields of works like
Music
Arts
Games
Fashion
Virtual items
Real-world assets
NFTs can be created/ mint at the NFT marketplace, and NFTs can be listed, traded in the NFT marketplace. This helps the passionate artworks collectors and artists can list their digital collectibles.
NFT marketplace is an online platform to create, sell,& buy NFTs. It helps to bridge the gap between the collectors and creators. NFT marketplace helps the creators to earn consistent income from their masterpieces.
NFT marketplace platform built over the blockchain, which is highly secured, decentralized, immutable, and transparent.
Use cases of NFT Marketplaces
Foundation
Foundation is NFT marketplace is developed over Ethereum Blockchain. It was found in February 2021. The artists can mint their NFTs by acquiring a metamask wallet. The NFT collectors can collect the NFTs via live auction and store them on their metamask wallets. NFTs can be displayed on social media.
Axie Infinity
Axie Infinity is an NFT gaming platform built on BinanceSmartChain. Axie Infinity is a digital pet universe that offers an exclusive 3D gaming experience. It allows the users to breeds, battle, and lend axies.
Rarible
The Rarible is a Moscow-based NFT marketplace platform that was started in 2020 by Alex Salnikov and Alexei Falin. Rarible is an NFT marketplace built over the Ethereum network and has a native governance token known as RARI. Rarible is an NFT marketplace to mint, sell and trade digital collectibles for artworks.
Sorare
Sorare is an NFT game for football, where players buy, sell, trade, and run a digital team with digital player cards and uses Ethereum blockchain. Sorare NFT game was formed in 2018 by Ni anolas Julia and Adrien Montfort.
Zedrun
Zedrun is an NFT marketplace for horse racing games, each horse has its unique properties, indicating you could finish up with a champion stallion, or possibly horse is better furnished to be a stud.
CryptoPunks
CryptoPunks are an NFT platform for creating unique collectible characters with their data stored on them. It is developed on the Ethereum Blockchain and having an ERC-721 standard that powers most digital art and collectibles.
OpenSea
OpenSea is the first and largest virtual market asset that adds crypto-collectibles, expressions, and historical rarities in the digital design over the Ethereum Blockchain. It's one-of-a-kind, verifiable scarce, liquid, and usable all over the world. Inside of an open marketplace, you can buy and sell anything.
Decentraland
Decentraland is a virtual reality environment powered by the Ethereum Blockchain where users can play, interact with games and activities. In decentraland user buying land is called parcel and virtual properties are called NFTs. Each of these lands is a non-fungible asset managed by Ethereum smart contracts.
Polkacity
Polkacity is a decentralized account, Polkadot, and non-fungible tokens-based stage that allows the clients to purchase various scopes of resources in the virtual city. The digital assets incorporate cabs, energy stations, administrations, and so forth exclusive places to boost your benefits by offering and claiming the virtual sources.